TerraVest Industries (TSE:TVK) Reaches New 52-Week High at $97.64

TerraVest Industries Inc. (TSE:TVK)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$97.64 and last traded at C$97.57, with a volume of 19877 shares. The stock had previously closed at C$95.44.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TVK shares. National Bank Financial upgraded shares of TerraVest Industries to a “strong-buy” rating in a report on Sunday, July 14th. National Bankshares increased their price objective on TerraVest Industries from C$89.00 to C$104.00 in a report on Thursday, August 15th. Canaccord Genuity Group set a C$91.00 price target on TerraVest Industries and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, Desjardins set a C$95.00 price objective on TerraVest Industries and gave the stock a “buy” rating in a research note on Thursday, July 4th.

TerraVest Industries Stock Performance

The business has a 50 day moving average of C$82.90 and a 200-day moving average of C$73.56. The company has a market capitalization of C$1.91 billion, a P/E ratio of 28.34 and a beta of 0.67. The company has a debt-to-equity ratio of 71.72, a quick ratio of 0.91 and a current ratio of 2.32.

TerraVest Industries (TSE:TVK) last posted its earnings results on Wednesday, August 14th. The company reported C$0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.82 by C($0.21). The firm had revenue of C$238.13 million during the quarter, compared to analysts’ expectations of C$223.20 million. TerraVest Industries had a return on equity of 24.63% and a net margin of 7.60%. On average, sell-side analysts predict that TerraVest Industries Inc. will post 4.4466421 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.60 annualized dividend and a yield of 0.61%. TerraVest Industries’s payout ratio is presently 17.39%.

Insider Buying and Selling

In other news, insider Pierre Fournier sold 500 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$75.23, for a total value of C$37,615.00. 29.70% of the stock is owned by company insiders.

TerraVest Industries Company Profile

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.